Real Estate Investing in Plains, Kansas (67869)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 67869 (Plains, KS)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.8% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Plains, KS (67869)?
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Market Analysis: 67869 Plains
This part of Meade County is not an easy win. The 67869 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
From a cash-flow lens, the numbers look inviting — $137K purchase price, 0.0% nominal cap — the work to hit that pro forma in 67869 is substantial and deserves full respect.
ZIP 67869's metrics run below Meade County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A healthy renter share of 27% in 67869 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 67869 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Plains:
Market Trends
Home Value History (with trend line)
📊 How Does 67869 Compare?
| Metric | 67869 | Plains | Liberal, KS | Kansas |
|---|---|---|---|---|
| Home Value | $137,249 | $137,249 | N/A | $237,409 |
| 5-Year CAGR | 4.1% | 4.1% | N/A | 7.2% |
| Avg Rent | $801 | $801 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 67869 (Plains, KS). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $137,249 |
| Monthly Rent | $801 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 67869
Population: 1,518
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 67869
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Is housing expensive in Plains, KS?
Plains, KS median home values land near $137K. That is reasonable territory for investors looking at $801/mo-per-month rentals.
Does house hacking work in Plains, KS?
House hacking works a challenging in Plains, KS. Rents of $801/mo against $137K acquisition make the strategy solid for owner-occupants.
What is the rental occupancy rate in Plains, KS?
Occupancy in Plains, KS runs stable with elevated vacancy. Well-priced units at $801/mo lease on reasonable timelines.
Is Plains, KS good for landlords?
Plains, KS falls under KS landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is real estate in Plains, KS a good investment right now?
Plains, KS rates 3.0/5 for investability. With median values at $137K and rents near $801/mo, the market offers reasonable fundamentals for rental investors.
You know 67869 now. You don’t know where it ranks.
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How 67869 ranks in Liberal, KS
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